Explainer: Cryptocurrency mining – A glimpse at Bitcoin
Cryptocurrency mining operations in Inner Mongolia will no longer be welcome after April because the energy bill in the Chinese region is running high. Inner Mongolia is a magnet for mining farms thanks to its cheap electricity that fuels their specially-designed computers day and night. These energy-hungry machines are built for one purpose and one purpose only: to mine virtual money. If this sounds gibberish to you, keep watching as we decode this cryptic activity.